Can I retire at age 74 with 649,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,594$53,116$52,651$52,196$51,752$51,404
2 years$26,532$26,037$25,559$25,094$24,644$24,293
3 years$17,512$17,016$16,538$16,078$15,635$15,292
4 years$13,003$12,508$12,035$11,583$11,151$10,819
5 years$10,299$9,807$9,340$8,897$8,477$8,156
6 years$8,496$8,008$7,548$7,115$6,707$6,399
7 years$7,209$6,725$6,273$5,850$5,455$5,158
8 years$6,244$5,765$5,320$4,907$4,525$4,241
9 years$5,494$5,019$4,582$4,180$3,811$3,538
10 years$4,895$4,424$3,994$3,603$3,247$2,986
11 years$4,404$3,939$3,517$3,136$2,793$2,544
12 years$3,996$3,535$3,121$2,750$2,420$2,182
13 years$3,651$3,195$2,788$2,428$2,110$1,884
14 years$3,355$2,904$2,505$2,156$1,850$1,634
15 years$3,099$2,653$2,262$1,922$1,629$1,424
16 years$2,875$2,434$2,051$1,721$1,440$1,245
17 years$2,678$2,241$1,866$1,547$1,276$1,092
18 years$2,503$2,071$1,704$1,394$1,135$960
19 years$2,346$1,920$1,560$1,259$1,012$846
20 years$2,206$1,784$1,431$1,141$904$747
21 years$2,079$1,661$1,317$1,035$809$661
22 years$1,963$1,551$1,213$941$725$585
23 years$1,858$1,451$1,120$857$651$519
24 years$1,762$1,359$1,036$782$585$461
25 years$1,673$1,275$960$714$526$410
26 years$1,592$1,199$890$653$474$365
27 years$1,516$1,128$826$598$427$325
28 years$1,446$1,063$768$547$386$289
29 years$1,382$1,003$715$502$348$258
30 years$1,321$947$666$461$315$230
31 years$1,265$895$621$423$284$205
32 years$1,212$847$579$389$257$183
33 years$1,162$802$541$358$233$164
34 years$1,116$760$505$329$211$146
35 years$1,072$721$472$303$191$131
36 years$1,031$685$442$279$173$117
37 years$992$650$414$257$157$105
38 years$955$618$387$237$142$94
39 years$920$588$363$218$129$84
40 years$887$559$340$201$117$75
41 years$856$532$319$186$106$67
42 years$826$507$299$172$96$60
43 years$798$483$281$158$87$54
44 years$771$460$264$146$79$48
45 years$745$439$247$135$72$43
46 years$721$419$232$125$65$39
47 years$698$400$218$115$59$34
48 years$675$381$205$106$54$31
49 years$654$364$193$98$49$28
50 years$634$348$181$91$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $649,000, adding $4,075 every year, while hoping to spend $37,257 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/33/10 Blend
73$649,000$649,000$649,000$649,000
74$719,401$685,004$674,945$758,442
75$753,139$678,928$657,914$779,175
76$789,069$671,306$639,065$797,255
77$827,377$662,022$618,295$816,057
78$868,263$650,955$595,502$835,655
79$911,948$637,975$570,574$856,133
80$958,677$622,945$543,398$877,583
81$1,008,713$605,720$513,853$900,110
82$1,062,349$586,148$481,814$923,831
83$1,119,904$564,065$447,151$948,877
84$1,181,730$539,299$409,726$975,396
85$1,248,211$511,670$369,396$1,003,551
86$1,319,770$480,983$326,013$1,033,526
87$1,396,872$447,037$279,420$1,065,527
88$1,480,027$409,616$229,454$1,099,782
89$1,569,795$368,492$175,946$1,136,548
90$1,666,791$323,426$118,718$1,176,110
91$1,771,693$274,162$57,584$1,218,786
92$1,885,244$220,434$0$1,264,930
93$2,008,261$161,958$0$1,315,755
94$2,141,644$98,434$0$1,377,492
95$2,286,381$29,547$0$1,444,502
96$2,443,559$0$0$1,517,353
97$2,614,375$0$0$1,613,029
98$2,800,143$0$0$1,728,799
99$3,002,311$0$0$1,854,841
100$3,222,472$0$0$1,992,155